What is Thermal Management System?
Thermal Management System basically comprises of technological tools and solutions which enable the firms to control the temperatures, and cool down the systems. Thermodynamic principles are used to develop the mechanisms, tools and solutions for thermal management. In many cases specially designed thermal material too are integrated with the thermal management systems. This systems are in high demand across multiple high processing hardware industries such as automotive, aerospace and defence, consumer electronics, etc. This systems grow in importance particularly because high heat or unregulated temperatures can lead to inefficient and excessive wear and tear of the machinery. Geographically, Asia Pacific is expected to be one of the largest markets of thermal management systems.
The market study is broken down by Type (Heat Sink, Forced Air Cooling, Peltier Cooling Plate, Synthetic Jet Air Cooling and Others) and major geographies with country level break-up.
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
European Thermodynamics (United Kingdom), Honeywell International (United States), Master Bond (United States), Aavid Thermalloy (United States), Elmelin Ltd. (United Kingdom), Parker-Hannifin Corp. (United States), Autoneum Holding AG (Switzerland), Advanced Cooling Technologies Inc. (United States), Sapa Extrusions Inc. (United States) and Pentair Thermal Management (Belgium) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Gentherm Inc. (United States), Thermacore Inc. (United States) and Laird Technologies Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Thermal Management System market by Type, Application and Region.
On the basis of geography, the market of Thermal Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Thermal Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Aerospace & Defense will boost the Thermal Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Thermal Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Honeywell International Inc., a Multinational American Conglomerate announced acquisition of Rocky Research, which specialises in thermal management and power management solutions. The acquisition will help Honeywell expand its power and thermal capabilities. The aim would be to integrate Rocky Research’s technologies with that of Honeywell’s to provide better solutions to the clients.
In 2019, Parker-Hannifin Corporation, is an American Engineering Firm specialising in Motion and Control Technologies has announced acquisition of LORD Corporation for a deal worth USD 3.675 billion in cash. LORD specialises in manufacturing of advanced adhesives and coatings along with motion and vibration technologies. The acquisition will help Parker expand its materials science business along with increasing its shareholder value, organic margins and EBITDA.
- Enhanced Focus on Sustainability
- Growth of End User Industry
- Increasing Investments in Thermodynamics and HVAC Applications
- Automotive Industry and Consumer Electronics is Expected to Increase Investments in Thermal Management Systems
- Complexity in Development of Technology
- Rising Competition due to Emergence of New Companies and Technologies
Key Target AudienceThermal Management System Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as European Thermodynamics (United Kingdom), Honeywell International (United States), Master Bond (United States), Aavid Thermalloy (United States), Elmelin Ltd. (United Kingdom), Parker-Hannifin Corp. (United States), Autoneum Holding AG (Switzerland), Advanced Cooling Technologies Inc. (United States), Sapa Extrusions Inc. (United States) and Pentair Thermal Management (Belgium) etc.
2. What would be the Market Size of Thermal Management System Market by 2026?
Analysts at AMA estimates Thermal Management System Market to reach USDXXX by 2026.
3. Can we have customized study for Thermal Management System Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.